Circle – the app revolutionising social payments, are strengthening their presence in Ireland by planning to double staff numbers in their Dublin Offices over the next two years bringing the amount of employees to 30.
Last night at an event held in Dogpatch Labs, Circle Co-Founder, Sean Neville, and Marieke Flament, Managing Director of Circle in Europe announced details of Circle’s expanding commitment to the Irish market.
Sean Neville, Co-Founder & President of Product and Operations of Circle:
“As we grow and expand Circle’s presence across Europe, our Irish operations will become a strategic anchor which will continue to expand. We plan to double the size of the Dublin office and add engineering roles as well as operational roles such as customer support, risk, and compliance.”
“Circle launched its US dollar product in November 2015, and followed with £ and € currencies in 2016 — in the UK in April and in Spain and Ireland in October. Circle has millions of customers globally, and after less than a year since our European launch, we are very happy to see hundreds of thousands of European customers embrace new social payment behaviours and Circle’s vision of making money work the way the internet does.”
“We are proud to work alongside IDA and Ibec, two of Ireland’s most important organisations helping businesses grow in Ireland. We look forward to working closely with them as we further expand our operations in Ireland.”
Speaking about the announcement, Minister for Jobs Enterprise and Innovation, Mary Mitchell O’Connor said she “warmly welcomed this investment and additional job creation by Circle, as a vote of confidence in Ireland’s high tech capabilities. Having the skills and infrastructure for a cutting edge company like Circle is helping us to move up the value chain in financial technologies. This company’s expansion here represents an exciting development and a further milestone in broadening our expertise in the wider Financial Services sector”.
Also welcoming last night’s announcement, Minister for Financial Services, eGov and Procurement, Eoghan Murphy noted, “Circle’s strong growth and decision to expand its Irish presence is proof positive of Ireland’s rise to prominence as a global location of choice in the Payments sphere.”
Commenting on the announcement, Martin Shanahan CEO, IDA said “Circle is a high-growth, disruptive fintech company and is a very welcome addition to this growing sector in Ireland.”
“By helping to sustain and improve the business operating environment, Ibec is helping Circle to grow and expand and the work of Financial Services Ireland (Ibec’s financial services arm) in promoting a FinTech agenda with Government is a good example of this”, said Marc Coleman, Director of Financial Services Ireland, Ibec.
The Dublin based digital disruptor has seen a 300% Q on Q growth over the past year with their international expansion into Ireland, Spain, the UK, US and China. This was facilitated by the $136m investment from Facebook’s investor Jim Breyer and Goldman Sachs amongst others.
They are on track to realise $1billion transferred via the app over 12 months.